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REGISTERED NUMBER: 04462392 (England and Wales)












PETER JACKSON CABINET MAKER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 25 JUNE 2023






PETER JACKSON CABINET MAKER LIMITED (REGISTERED NUMBER: 04462392)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 JUNE 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


PETER JACKSON CABINET MAKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 25 JUNE 2023







DIRECTORS: P Jackson
Mrs D Jackson





SECRETARY: Mrs D Jackson





REGISTERED OFFICE: Rollestone House, Bridge Street
Horncastle
Lincolnshire
LN9 5HZ





REGISTERED NUMBER: 04462392 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

PETER JACKSON CABINET MAKER LIMITED (REGISTERED NUMBER: 04462392)

ABRIDGED STATEMENT OF FINANCIAL POSITION
25 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 13,335 13,936
13,335 13,936

CURRENT ASSETS
Inventories 441,000 284,449
Debtors 70,267 57,007
Cash at bank 37,653 81,116
548,920 422,572
CREDITORS
Amounts falling due within one year 428,683 294,112
NET CURRENT ASSETS 120,237 128,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,572

142,396

CREDITORS
Amounts falling due after more than one year (20,765 ) (30,614 )

PROVISIONS FOR LIABILITIES (1,468 ) (1,488 )
NET ASSETS 111,339 110,294

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 111,336 110,291
SHAREHOLDERS' FUNDS 111,339 110,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PETER JACKSON CABINET MAKER LIMITED (REGISTERED NUMBER: 04462392)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
25 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 25 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:





P Jackson - Director


PETER JACKSON CABINET MAKER LIMITED (REGISTERED NUMBER: 04462392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 JUNE 2023


1. STATUTORY INFORMATION

Peter Jackson Cabinet Maker Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Display items - 30% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

PETER JACKSON CABINET MAKER LIMITED (REGISTERED NUMBER: 04462392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 25 JUNE 2023


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 26 June 2022
and 25 June 2023 32,225
AMORTISATION
At 26 June 2022
and 25 June 2023 32,225
NET BOOK VALUE

At 25 June 2023 -
At 25 June 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 26 June 2022 82,689
Additions 1,748
At 25 June 2023 84,437
DEPRECIATION
At 26 June 2022 68,753
Charge for year 2,349
At 25 June 2023 71,102
NET BOOK VALUE
At 25 June 2023 13,335
At 25 June 2022 13,936

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 31,038 40,205

Secured debts is represented by a loan under the Bounce Back Loan Scheme which is guaranteed by the government.